The government of Bali, Indonesia, recently cracked down on crypto payments for goods and services, reminding tourists that the Indonesian rupiah is the only legal tender. Some tourists were dissatisfied with the decision, saying that they would not visit again.
On May 28, the Indonesian government affirmed that tourists using crypto for payments “will be dealt with firmly.” They could be subject to punishments such as deportation, criminal penalties and administrative sanctions. In addition, businesses caught accepting crypto could also be punished and forced to close operations.
This story originally appeared on Investing
